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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Operating Activities      
Net income $ 35,542 $ 28,996 $ 26,345
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for loan losses 1,625 1,500 4,534
Depreciation expense 6,410 5,886 5,783
Amortization of mortgage servicing rights 1,313 1,004 1,472
(Recovery)/additional impairment of valuation allowance on mortgage servicing rights (200) 25 (750)
Securities amortization, net 3,386 1,973 3,031
Amortization of purchased intangible assets 1,640 1,690 1,868
Earnings on cash surrender value of life insurance policies (1,236) (1,298) (1,378)
Gain on life insurance benefit (307)    
Securities gains, net of impairment (386) (24) (835)
Gain on loans sold (5,553) (4,730) (5,464)
Loans originated for sale (236,928) (165,827) (218,288)
Proceeds from loan sales 243,230 168,832 234,778
Stock based compensation expense 843 647 751
Stock portion of director retainer fee expense 315 359 367
(Gain)/(Loss) on sale and write-down of OREO (68) 153 539
Prepayment penalty on FHLB advance 2,364   2,239
Change in other assets and liabilities 1,402 4,172 5,091
Net cash provided by operating activities 53,392 43,358 60,083
Investing Activities      
Net change in short term investments (45) (1,915)  
Purchases of securities available for sale (345,783) (61,756) (233,958)
Proceeds from calls, maturities, and payments on securities available for sale 136,799 106,268 125,010
Proceeds from sales of securities available for sale 147,109 27,131 80,151
Loan originations and payments, net (176,184) (110,124) (128,650)
Purchases of premises and equipment (7,794) (5,593) (7,631)
Proceeds from sale of OREO 2,272 3,864 6,023
Purchase of life insurance policies     (504)
Proceeds from redemption of restricted stock 2,785 3,251 10
Purchase of restricted stock (231)    
Proceeds from sale of portfolio loans 11,356    
Proceeds from life insurance benefit 1,094 588  
Cash received/(paid) for bank/branch acquisitions, net 57,083 (10,686) 18,157
Net cash (used) by investing activities (171,539) (48,972) (141,392)
Financing Activities      
Net change in deposits 83,428 83,796 (6,594)
Net change in other borrowings 2,014 (13,293) 4,075
Proceeds from FHLB advances 700,000 825,000 665,000
Repayment of FHLB advances (647,289) (874,745) (560,433)
Cash dividends on preferred stock     (470)
Cash dividends on common stock (11,680) (8,726) (5,709)
Purchase of treasury shares (3,527) (319) (204)
Repurchase of preferred stock     (15,100)
Repayment of subordinated debentures, net   (5,000) (4,000)
Proceeds from exercise of stock options, including tax benefit 294 66 414
Net cash provided by financing activities 123,240 6,779 76,979
Net change in cash and cash equivalents 5,093 1,165 (4,330)
Cash and cash equivalents, beginning of year 62,485 61,320 65,650
Cash and cash equivalents, end of period 67,578 62,485 61,320
Supplemental cash flow information      
Interest paid 8,424 8,807 10,375
Income taxes paid 4,985 4,725 2,400
Supplemental non cash disclosure      
Loan balances transferred to foreclosed real estate 1,475 $ 2,585 $ 4,005
Loan balances transferred to loans held for sale $ 11,356